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Oct 4, 2012
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their visions going forward into a referendum on president obama's record in the first four years. mitt romney looked very comfortable and pleased to be on the stage. he knows that he only has a few weeks left to go to reverse president obama's lead. president obama on the other hand did not always look so pleased to be challenged the way romney was challenging him. he did not make any big mistakes and one of the questions coming out of this debate, as good as republicans feel and as middling as testimonies feel about this performance, did it really do enough to change the dynamic in the race.feel about this performance, did it really do enough to change the dynamic in the race. next week it's paul ryan and joe biden. and then two more presidential debates. we'll watch the polls for see the impact. >> what was your verdict? we all have our own panel of strategists that will be coming up at 11:30 cet, that's 5:30 eastern. but we do want to hear from you, as well. what did you make of the debate and performance of each of the candidates? you can send us an e-mail at worldwide@cnbc.co
their visions going forward into a referendum on president obama's record in the first four years. mitt romney looked very comfortable and pleased to be on the stage. he knows that he only has a few weeks left to go to reverse president obama's lead. president obama on the other hand did not always look so pleased to be challenged the way romney was challenging him. he did not make any big mistakes and one of the questions coming out of this debate, as good as republicans feel and as middling...
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Apr 5, 2012
04/12
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numbers for president obama. and so far many people have been saying it's a tough economy out there, yes, but he is manage to go create growth and to spur hiring. we're seeing that unemployment rate come down, so they're taking that as a positive sign. if we stay at these 8.3 levels, what does that do in tirms of his chances for re-election some is. >> depends on the price of gasoline. the two most important figures for will him are the the unemployment rate and the price of gasoline. if gasoline is up above $5 a gallon and the unemployment rate is not coming down, romney can shift focus from the things that have hurt him on immigration and birth control and those kinds of things to the economy. and he's got a shot. if unemployment is coming down and the price of glass stays about wheres it is, i think mr. obama is reelected. >> question for you here. historically we've come out of these scenarios with growth at 6% or higher. do you see anywhere we get that kind of spike maybe two, three quarters down the road wh
numbers for president obama. and so far many people have been saying it's a tough economy out there, yes, but he is manage to go create growth and to spur hiring. we're seeing that unemployment rate come down, so they're taking that as a positive sign. if we stay at these 8.3 levels, what does that do in tirms of his chances for re-election some is. >> depends on the price of gasoline. the two most important figures for will him are the the unemployment rate and the price of gasoline. if...
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Oct 23, 2012
10/12
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balance of the year. i can't imagine them doing anything in front of this election. this election is really, really important to us and anything they would do would be political and that's a no-no. >> if bom obama is reelected or romney is reelected, does that change how the market reacts? >> if obama gets reelected, i don't think it will sell off, but i don't think it will do much for the balance of the year. the real concern for this market is the fiscal cliff and all indications are that they'll negotiate their way out of that. probably postpone any real decisions on that until the middle of next year. so i don't think an obama re-election would be devastating to the markets as some predict. i do think a romney election would be very, very positive for the market. i think businesses are waiting. industrial production has been a little slow. corporations are slow to buy new equipment and hire new people. and romney has signaled that he'll ease up on a lot of the burdens that have baeen enkacte. so busin
balance of the year. i can't imagine them doing anything in front of this election. this election is really, really important to us and anything they would do would be political and that's a no-no. >> if bom obama is reelected or romney is reelected, does that change how the market reacts? >> if obama gets reelected, i don't think it will sell off, but i don't think it will do much for the balance of the year. the real concern for this market is the fiscal cliff and all indications...
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Aug 22, 2012
08/12
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two years ago it was michelle obama. who would you name this year? e-mail us worldwide @cnbc, tweet at @cnbcwex. >>> meanwhile, american platinum confirmed anglo sooez wage demands. jpmorgan reduced it from underweight to neutral. also, lowered its price target. at the same time, they could issue new shares to compensate for production and revenue losses incurred by strikes at its south african mine which has left 44 people dead. lonmin says they are doing all concerned to boost -- >> it's total speculation. >> total speculation. and on tuesday -- yeah, actually, maybe we will do something like that. >> not the first or last time we've seen that kind of action. all of this happening as the price of platinum is hitting highest level since early may. take a look of 1.2% on the day to a price of 1525.7. pretty significant move. we hadn't seen much of a reaction before but now that we're seeing more activity, not surprising we're seeing a jump. >> yeah. meanwhile after 18 years of negotiations, russia is joining the world trade organization today. analys
two years ago it was michelle obama. who would you name this year? e-mail us worldwide @cnbc, tweet at @cnbcwex. >>> meanwhile, american platinum confirmed anglo sooez wage demands. jpmorgan reduced it from underweight to neutral. also, lowered its price target. at the same time, they could issue new shares to compensate for production and revenue losses incurred by strikes at its south african mine which has left 44 people dead. lonmin says they are doing all concerned to boost --...
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Nov 5, 2012
11/12
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br barack obama visited china one year after being elected and during his meeting with hu jintao, currency dominated the talks as beijing had repegged its currency to the dollar during the global financial crisis. and in early 2011, china lost its title as the number two economy of the world. at the national people's congress this year, wen announced that the 2012 growth forecast would be cut to 7.5% and just months ago, they cut its benchmark interest rates for the first time since june. and shortly after in july, another rate cut followed. back it to you, ross. >> looking to the asian automaker, hyundai and ki chlt sha a shares were stunned after admitting they misled on their fuel economy.chlt a shares were stunned after admitting they misled on their fuel economy. a shares were stunned after admitting they misled on their fuel economy.a shares were stunned after admitting they misled on their fuel economy. >> automakers seem to be moving quite fast to address the claim, running apology ads and coming out with compensation plans. but we're talking about some 1 million vehicles sold over
br barack obama visited china one year after being elected and during his meeting with hu jintao, currency dominated the talks as beijing had repegged its currency to the dollar during the global financial crisis. and in early 2011, china lost its title as the number two economy of the world. at the national people's congress this year, wen announced that the 2012 growth forecast would be cut to 7.5% and just months ago, they cut its benchmark interest rates for the first time since june. and...
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Feb 21, 2012
02/12
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this is an election year, an important year for the obama administration and the potential incumbents from the republican side as well. the numbers don't always meet the eye in terms of exactly what's happening out there, right. the situation could be far worse than the people who haven't been looking for work, for example. when we look at these numbers, how much are they benchmarks to go by? how much should we take them with a grain of salt? >> there are also numbers we haven't been looking at like private sector employment has fwroen tore 23 straight months in a row so this is, of course, traditionally the biggest area of employment. so i think the momentum has been utterly positive and not yet reflective in the markets. the s&p trades at 12 times earnings. historically it trades for 15 times earnings. we have 20%, 30% upside or much more this year. >> do you feel 20% or 30%, that's huge. >> i don't know if we'll get it all this year but we'll have that. the european situation has put a lid on the market, the last time i was here was august 9th and was blowing up back then and ever
this is an election year, an important year for the obama administration and the potential incumbents from the republican side as well. the numbers don't always meet the eye in terms of exactly what's happening out there, right. the situation could be far worse than the people who haven't been looking for work, for example. when we look at these numbers, how much are they benchmarks to go by? how much should we take them with a grain of salt? >> there are also numbers we haven't been...
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Apr 2, 2012
04/12
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and as president obama prepares to meet with president calderon, we'll take a look at latin america and the economic prospects for the region. what are you thinking in terms of focusing your money? and as president obama prepares [ female announcer ] the next generation of investing technology is now within your grasp with the all-new e-trade 360 investing dashboard. e-trade 360 is the world's first investing homepage that shows you where all your investments are and what they're doing with free streaming quotes, news, analysis and even your trade ticket. everything exactly the way you want it, all on one page. transform your investing with the all-new e-trade 360 investing dashboard. >>> sovereign dispute flaring up in the run up to the 30th anniversary of the invasion. firms have been warn that had they will incur legal action should they provide visitor research. the sunday telegraph suggests as many as 15 banks have been september warning letters threatening criminal and civil action. >> meantime brarack obama is meeting steven harper and felipe calderon today in washington to discu
and as president obama prepares to meet with president calderon, we'll take a look at latin america and the economic prospects for the region. what are you thinking in terms of focusing your money? and as president obama prepares [ female announcer ] the next generation of investing technology is now within your grasp with the all-new e-trade 360 investing dashboard. e-trade 360 is the world's first investing homepage that shows you where all your investments are and what they're doing with...
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Dec 6, 2012
12/12
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i think the rally is about done heading in to the new year. >> we stay bullish. >> president obama and house speaker john boehner spoke by phone wednesday, but there's been no announcement by either side of any upcoming face to face budget talks. earlier the president told the business round table a deal to avoid the fiscal cliff could be reached quickly if republicans drop their opposition to raising tax rates on the wealthy. in an interview on cnbc, timothy geithner says the gop is making a little bit of progress, but the white house is absolutely ready to go over the cliff if tax rates on the top 2% don't rise. >> i want to understand the administration's position when it comes to raising taxes on the wealthy, those making more than $250,000. if republicans do not agree to that, is the administration prepared to go over the fiscal cliff? >> absolutely. again, there is no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthiest. remember, it's only 2%. >> with both sides in washington publicly digging in their heels, how much will the fiscal
i think the rally is about done heading in to the new year. >> we stay bullish. >> president obama and house speaker john boehner spoke by phone wednesday, but there's been no announcement by either side of any upcoming face to face budget talks. earlier the president told the business round table a deal to avoid the fiscal cliff could be reached quickly if republicans drop their opposition to raising tax rates on the wealthy. in an interview on cnbc, timothy geithner says the gop...
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Sep 28, 2012
09/12
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president obama sticks close to washington today, though, with three fund-raising events. both men were in virginia yesterday catering to the state's strong u.s. military and defense industry presence. mary jo is still with us. is mitt romney in pennsylvania because he thinks there's a chance? how important is winning pennsylvania to him? >> pennsylvania is one of several battleground states in this election and it comes town really to a handful of states including ohio and florida and of course pennsylvania and virginia. the undecided vote so far is very small, but let's keep in mind at this stage ronald reagan in 1980 was running about five points behind jimmy carter. by mid october, he was 13 points behind and yet he won the election by nine points. >> what do you think will be that catalyst for swinging things in mitt romney's favor? >> a strong debate by mitt romney. there are three of them coming up. a misstep by the president. some sort of international incident to thinks that might come out about benghazi, et cetera. i mean, six weeks is a very long time. we have 3
president obama sticks close to washington today, though, with three fund-raising events. both men were in virginia yesterday catering to the state's strong u.s. military and defense industry presence. mary jo is still with us. is mitt romney in pennsylvania because he thinks there's a chance? how important is winning pennsylvania to him? >> pennsylvania is one of several battleground states in this election and it comes town really to a handful of states including ohio and florida and of...
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Dec 3, 2012
12/12
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meanwhile president obama and michelle obama paid tribute to this year's recipients of the kennedy honors. they're recognized for contributions to the arts. >> when the brits in additionally kept their distance, led zeppelin grabbed america from the opening. we were ready for what jimmy called songs with a lot of light and shape. it's been said that a generation of young people survived teenage angst with a pair of head phones and a zeppelin album and a generation of parents wondered what all that noise was about. >>> in the united states today, november ism manufacturing index out at 10:00 eastern. forecast for a reading of 51. also october construction spending. expected to rise half a percent. and james bullard speaks about the monetary policy at 1:40 p.m. a pretty light day for earnings. look for results from pep boys. they are after the close. as far as u.s. futures are concerned right now, we are implied for an upward start. s&p 500 called up 1.5 points, nasdaq 20. dow has been down last two months #%. nasdaq up about 1%. s&p up 0.3%. singapore airlines has confirmed it's in talks t
meanwhile president obama and michelle obama paid tribute to this year's recipients of the kennedy honors. they're recognized for contributions to the arts. >> when the brits in additionally kept their distance, led zeppelin grabbed america from the opening. we were ready for what jimmy called songs with a lot of light and shape. it's been said that a generation of young people survived teenage angst with a pair of head phones and a zeppelin album and a generation of parents wondered what...
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Nov 19, 2012
11/12
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winning the midterm elections two years out. >> how should we be positions ourselves at the moment? you want to preserve funds, so who would you be positioning yourself? >> we'd use a modified bar bell strategy. putting about half of your money committed to equities in to high dividend yielding stocks. i know people are negative on those now, but i don't think that problem will have much of an impact. and about half of the money into higher beta names maybe in technology certainly which has sold off lately, certainly in centering if you can get more of the aggressive energy plays. that sha p that should pay off this year. dividend paying stocks will gut it out. so if you have a bar bell strategy, low growth, high dividend yielding stocks, high growth technology, energy, maybe someville type stocks, that should serve you pretty well. it should balance your risk and also participate in any market advance that may or may not happen. >> speaking of the middle east, the nymex crude futures have hit a two week high on escalating tensions in the middle east as you mentioned. netanyahu has
winning the midterm elections two years out. >> how should we be positions ourselves at the moment? you want to preserve funds, so who would you be positioning yourself? >> we'd use a modified bar bell strategy. putting about half of your money committed to equities in to high dividend yielding stocks. i know people are negative on those now, but i don't think that problem will have much of an impact. and about half of the money into higher beta names maybe in technology certainly...
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Feb 23, 2012
02/12
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the politicians are doing, the obama administration, some of the policies like the tax program that they just announced. and take them perhaps with a grain of salt in the sense that we've seen several years we haven't been growing as much as we'd like to be growing. are these policies sort of future fueled for the growth engine here in the united states or are they a short-term if fix to help win an election? >> well, of course everyone is using a term like cynical ploy because of the timing of it. i guess i'm not so worried about the cynicism of it. of course you expect that in a political election season, but i guess i'm heartened by what seems to be a shared sense that the u.s. corporate tax code needs to be more simple. it's a huge achilles heel right now. it's incredibly complex and, of course, lowering those rates is a good thing. >> we're going to have to leave it there for now. julia kirby will stay with us for the rest of the hour. ross, over to you. >>> thanks. good to have you on, julia. still to come, we'll hear from bank of england member david miles who gives us his ta
the politicians are doing, the obama administration, some of the policies like the tax program that they just announced. and take them perhaps with a grain of salt in the sense that we've seen several years we haven't been growing as much as we'd like to be growing. are these policies sort of future fueled for the growth engine here in the united states or are they a short-term if fix to help win an election? >> well, of course everyone is using a term like cynical ploy because of the...
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Jun 25, 2012
06/12
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because for the last three years there has been a loud of uncertainty over this entire space. so any company playing in the health care space has been facing, you know, this cloud of uncertainty. will obama care actually get through congress? it did in 2010. in what form? largely boiled down. would it survive the legal challenges all the way to the supreme court? that's where we are now. and this decision almost one way or another is going to be a good thing for stakeholders in this space because hopefully it will help the cloud of uncertainty to dissipate. so i would -- that's why you saw health stocks going up last week. i think no matter what happens, uncertainty will dissipate and that's a good thing. >> you made this point in your notes, regardless what happens today, the proportion of gdp spent on health care which you reckon is 6% gdp already unsustainable. you say that's going to go up to 30% by 2050. >> let me tell you those numbers specifically. in 2010, $2.6 trillion spent on health care in the u.s. that's roughly 15% to 16% of gdp. now we as a firm did an analys s
because for the last three years there has been a loud of uncertainty over this entire space. so any company playing in the health care space has been facing, you know, this cloud of uncertainty. will obama care actually get through congress? it did in 2010. in what form? largely boiled down. would it survive the legal challenges all the way to the supreme court? that's where we are now. and this decision almost one way or another is going to be a good thing for stakeholders in this space...
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Aug 24, 2012
08/12
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that hasn't happened over the last four years. i mean if you look at it, barack obama had the opportunity to move a lot of what he believes in and supports in the first two years because he had democrats controlling obviously the executive branch within the white house and legislative branch. but over these last two years he also had an opportunity to really try to show some leadership and i think that this election is going to be a lot about that, about are you better off now than you were four years ago, could he have done things over the last four years to at least move the ball down the field. but, you know, it's something you're going hear from the romney/ryan campaign over the next few months. >> trey, thanks for that. >> you bet. >> thanks so much for joining us. >>> still to come on "worldwide exchange," angela merkel and francois hollande delivered some strong words to greece after meeting in berlin on thursday. leaders insisted greece must stand by their commitments. today merkel is meeting with the greek prime minister
that hasn't happened over the last four years. i mean if you look at it, barack obama had the opportunity to move a lot of what he believes in and supports in the first two years because he had democrats controlling obviously the executive branch within the white house and legislative branch. but over these last two years he also had an opportunity to really try to show some leadership and i think that this election is going to be a lot about that, about are you better off now than you were...
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Oct 17, 2012
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hcl technology shares hit a more than 12-year high as earnings beat forecasts. ross, back to you. >> okay, thanks for that, sixuan. >>> president obama now and mitt romney still have one more debate to go, but they may have left it out all on the mat last night. they were much more confrontational, speaking over each other and the moderator. they clashed over issues like taxes, the deficit and foreign policy. the president accused romney of selling a sketchy deal to fix the economy, while romney says the middle class has been crushed under obama. >> if the unemployment rate was 7.8% hen he took office, it's 7.8% now, but if you calculated that unemployment rate, taking back the people who dropped out of the work force, it would be 10. %. >> governor romney says he's got a five-point plan. governor romney doesn't have a five-point plan. he has a one-point plan. and that plan is to make sure that folks at the top play by a different set of rules. >> both men will be back on the campaign trail today. the president travels to iowa, while romney visits the battlegrou
hcl technology shares hit a more than 12-year high as earnings beat forecasts. ross, back to you. >> okay, thanks for that, sixuan. >>> president obama now and mitt romney still have one more debate to go, but they may have left it out all on the mat last night. they were much more confrontational, speaking over each other and the moderator. they clashed over issues like taxes, the deficit and foreign policy. the president accused romney of selling a sketchy deal to fix the...
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Dec 20, 2012
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a year. the president says he's puzzled by what's holding up talks and that house republicans should, quote, stop trying to score a point against hem. >> take the deal. you know, they will be able to claim that they have worked with me over the last two years to reduce the deficit more than any other deaf sigz reduction package, that we will have stabilized it for ten years. that is a significant achievement for them. she should be proud of it. but they continue to find ways to say no as opposed to saying yes. >> minority leader mitch mcconnell says there's still time to reach a deal by the end of the week. >> dan joins us now. dan, mitch mcconnell says it will happen by the end of the week. what say you? >> well, it better happen by tend of the week because we're running out of time. but john boehner's plan b doesn't raise all that much money. ite a couple of hundred billion. and if you're talking about a, quote, meaningful deficit reduction package, plan b is not going to do it. >> this bil
a year. the president says he's puzzled by what's holding up talks and that house republicans should, quote, stop trying to score a point against hem. >> take the deal. you know, they will be able to claim that they have worked with me over the last two years to reduce the deficit more than any other deaf sigz reduction package, that we will have stabilized it for ten years. that is a significant achievement for them. she should be proud of it. but they continue to find ways to say no as...